SOLD!!

Offered at 2X 2022 YE revenue, this attractive hotel can be purchased at 65% below today’s replacement costs.  The local citizens partnered together to build a nice hotel, and now it is time to turn it over to a new owner.  An award winning property, it is one of the higher rated Rodeway Inns in the Choice system. Plus it generates above average revenue.  Don’t let the low price per key fool you…..this is a nice, clean hotel.  

Executive Summary

SOLD!!

The Rodeway Inn & Suites is an annually award winning small market hotel, located in west-central KS.  Hoisington is located at the junction of KS Hwy 4 and highly traveled US Hwy 281.  281 stretches from Mexico to Canada, and is one of longest highway routes of its kind in the country.  The property is now offered at $25K per key which is very rare for a newer interior corridor property.   It also features an elevator which is unusual for a small property.  Its location next to a large park area, walking trail, dog park, Frisbee golf and City swimming pool enhance the guest experience for travelers.

There are a number of local demand generators in the area, many related to agricultural and the outdoors.  The area is noted for its extensive outdoor activities, including deer, pheasant, quail, duck and goose hunting.  Hoisington is known as the Gateway to the Cheyenne Bottoms, which is the largest interior wetland marsh of its kind in the country.  It attracts hunters and “birders” from all over the country and covers over 41,000 acres.  The area features the Wetlands and Wildlife Scenic Byway which connects Cheyenne Bottoms to Quivira National Wildlife Refuge.  Many of the nation’s migratory birds, including Whooping Cranes,  pass through the “Bottoms”, via the Central Flyway:  https://ksoutdoors.com/KDWP-Info/Locations/Wildlife-Areas/Southwest/Cheyenne-Bottoms.

Great Bend, KS is a mid-sized KS town of about 15,000, and is only 10 miles away.  Barton County Community College in Great Bend and Ft. Hays State University is about 60 miles.  I-70 is only 30 miles to the north.

Local Hoisington businesses include:

  • Superior Essex
  • KS Brick & Tile
  • Roto-Mix
  • Clara Barton Hospital & Clinic

Superior Essex and Roto-Mix sell and market products internationally.

Many hotels are marketed with the phrase “ideal for onsite owner-operator”, but this one truly fits the description.  Or, it could add to a regional portfolio.

Either way, it is highly unusual to see a newer hotel offered at 35% of replacement costs.  If you visit, you will find a very nice property and you will be pleasantly surprised.

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Property Details

Address
57 W. Kansas Highway 4, Hoisington, KS 67544
Price
$775,000 
Rooms
31 
Price Per Key
$25,000 
Property Type
Limited service - highway 
Revenue
Call for CA 

Hotel Description

  • Ideal for an onsite owner operator or partner
  • Offered at 2X 2022 revenue, and shows above average revenue
  • Perennial award winner, including many Platinum Awards from Choice Hotels
  • Smoke free throughout
  • Built in 2011 and offered at $25K per key
  • Offered at 65% below replacement costs 
  • Rates 4.5 on TripAdvisors, 4.5 (Excellent) on the Choice site
  • Attached lounge helps sell rooms, retains guests
  • Whirlpool suites, one with walk in shower
  • No pool to maintain (City pool is adjacent to the hotel)
  • Lounge and breakfast area can be modified for meeting space or living space
  • Flat screen HD TV’s
  • Newer water heaters, phone system and camera system
  • 2 floors with elevator
  • Guest laundry
  • Ample parking/ truck parking

Contact a Broker

Brent Jaynes

13000 W 87th St. Pkwy, Suite 108
Lenexa, KS 66215
Phone: 913-499-4731
Fax: 913-499-4771